Trudeau calls on major grocers to stabilize food prices, drawing industry pushback

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The call comes as grocery prices rose 8.5 per cent in July, showing a slight easing of price growth but still running much hotter than overall inflation

Major grocers have been facing accusations of profiteering amid high inflation, though executives from Loblaw, Metro and Empire denied these allegations before a parliamentary committee studying food inflation earlier this year.

The group said that any discussions on food pricing need to also include processors, manufacturers and other relevant businesses in the supply chain. Industry Minister François-Philippe Champagne, who is taking the lead on the grocery price push, said at Thursday’s news conference that the government would also be engaging other segments of the food industry.

“We’re going to bring them in Ottawa, talk to them around meaningful action and if they fail to do so there’ll be consequences.”

 

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